Ethereum Faces Liquidation Risks
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November has shaken the altcoin market, and Ethereum (ETH) shows a big imbalance in leveraged positions.
Short positions dominate: ETH Shorts risk over $3B in liquidations if ETH rebounds above $3,500.
Longs face smaller risk: around $1.2B if ETH drops below $2,700.
ETH ETFs saw $728M in outflows last week, and billionaire Arthur Hayes sold ETH recently.
Yet, ETH remains near $3,100 support, and extreme fear sentiment historically sets the stage for sharp rebounds—making Shorts especially vulnerable.
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